Yesterday Nifty filled the gap (The gap between day before yesterday's high and yesterday's low; No blog was been written on yesterday) and moved towards 5850 level. If we consider yesterday's move as a pull back and uptrending market, Nifty has to stay above R1 that is 5886. If today Nifty goes down below pivot of 5823,See
technical analysis for more details, then we can see some short openings below 5798 level. We can trade as per CAM(Camarilla levels) levels too for today.
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| Cam levels for today |
The CAM level suggests if Nifty moves between R3 and R4 then short at the R3 level with a Stop Loss at R4 level. If Nifty goes below S3 but stays within S4 then long can be taken with a Stop Loss of S4. But if Nifty breaks S4, then its a dropping zone and better to go short without any filter. On the upper side also if Nifty breaks R4 then go for long without any filter. But all the trades has to be seen at 5 mins delay basis, means wait for 5 mins at the levels and then decide. To check the option tips for today please visit
options page for more details.
